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    Credit Guarantees: Challenging Their Role in Improving Access to Finance in the Pacific Region

    Asian Development Bank | November 2016
    Abstract
    The Pacific Private Sector Development Initiative—a regional technical assistance facility cofinanced by the Asian Development Bank (ADB), the Government of Australia, and the Government of New Zealand—has undertaken landmark secured transaction reforms in eight Pacific Island countries. These reforms have unlocked the value in “movable” assets such as machinery, inventory, and accounts receivable for use as collateral in borrowing. They have the potential to benefit businesses and financial institutions that offer business loans. Yet, despite these reforms, financial institutions remain unwilling to lend. Businesses still find it hard to access the credit they need to grow, which in turn creates jobs and drives the economic activity so desperately needed in the Pacific. Credit guarantees are often proposed as an instrument to overcome this problem. However, as this publication demonstrates, there is no strong theoretical justification for their use.
    Citation
    Asian Development Bank. 2016. Credit Guarantees: Challenging Their Role in Improving Access to Finance in the Pacific Region. © Asian Development Bank. http://hdl.handle.net/11540/6804.
    PDF ISBN
    978-92-9257-571-7
    ISSN
    978-92-9257-572-4
    Keywords
    ADB
    Self Financing
    Aid Financing
    Financial Aid
    Development Banks
    Project Impact
    Export Credit Financing
    Industrialization
    Industrial Economics
    Industrial Development
    Industrial Policy
    Cofinancing
    Development Financing
    Economic Development and Finance
    Finance
    Financial Advisory Services
    Financial Assistance
    Financial Support
    Credit Policy
    Credit Cooperatives
    Industrial Credit
    Commercial credit
    Commerce and Industry
    Intra-Industry Trade
    Large Scale Industry
    Labor
    Development Banks
    Asset allocation
    Investment management
    Commercial documents
    Credit control
    Credit allocation
    Capital market
    Developing countries
    Market share
    Labor
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/6804
    Metadata
    Show full item record
    Thumbnail
    credit-guarantees.pdf (701.0Kb)
    Author
    Asian Development Bank
    Theme
    Finance
    Industry
    Small Medium Business
     
    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise